United Technologies Corporation (UTX) : Marquette Asset Management has sold out all of its stake in United Technologies Corporation during the most recent quarter, according to the disclosure filed by the company on Apr 13, 2016 with the SEC. The investment management company has sold out 2,745 shares of United Technologies Corporation which is valued at $287,045.
United Technologies Corporation opened for trading at $104.63 and hit $105.3425 on the upside on Monday, eventually ending the session at $105.13, with a gain of 0.54% or 0.56 points. The heightened volatility saw the trading volume jump to 28,09,194 shares. Company has a market cap of $87,934 M.
Other Hedge Funds, Including , Sentinel Trust Co Lba reduced its stake in UTX by selling 1,061 shares or 24.82% in the most recent quarter. The Hedge Fund company now holds 3,214 shares of UTX which is valued at $336,088. United Technologies Corporation makes up approx 0.05% of Sentinel Trust Co Lba’s portfolio.Prospera Financial Services Inc boosted its stake in UTX in the latest quarter, The investment management firm added 132 additional shares and now holds a total of 5,430 shares of United Technologies Corporation which is valued at $567,815. United Technologies Corporation makes up approx 0.13% of Prospera Financial Services Inc’s portfolio.Edge Wealth Management reduced its stake in UTX by selling 3,403 shares or 17.74% in the most recent quarter. The Hedge Fund company now holds 15,782 shares of UTX which is valued at $1,611,973. United Technologies Corporation makes up approx 0.73% of Edge Wealth Management’s portfolio.
On the company’s financial health, United Technologies Corporation reported $1.53 EPS for the quarter, beating the analyst consensus estimate by $ 0.01 according to the earnings call on Jan 27, 2016. Analyst had a consensus of $1.52. The company had revenue of $14300.00 million for the quarter, compared to analysts expectations of $15257.16 million. The company’s revenue was down -4.5 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $1.67 EPS.
Many Wall Street Analysts have commented on United Technologies Corporation. Company shares were Downgraded by RBC Capital Mkts on Mar 1, 2016 to ” Sector Perform”, Firm has raised the Price Target to $ 109 from a previous price target of $100 .Shares were Reiterated by RBC Capital Mkts on Jan 28, 2016 to “Sector Perform” and Lowered the Price Target to $ 100 from a previous price target of $104 .Shares were Reiterated by Argus on Jan 28, 2016 to “Buy” and Lowered the Price Target to $ 105 from a previous price target of $125 .
United Technologies Corporation (UTC) provides high technology products and services to the building systems and aerospace industries across the world. The Company operates through five segments: Otis; UTC Climate Controls & Security; Pratt & Whitney; UTC Aerospace Systems and Sikorsky. Otis designs manufactures sells and installs a range of passenger and freight elevators for low- medium- and high-speed applications as well as a line of escalators and moving walkways. UTC Climate Controls & Security is a provider of heating ventilating air conditioning (HVAC) and refrigeration solutions. Pratt & Whitney segment supplies aircraft engines for the commercial military business jet and general aviation markets. UTC Aerospace Systems is a global provider of technologically advanced aerospace products and aftermarket service solutions. Its Sikorsky segment manufactures military and commercial helicopters and also provides aftermarket helicopter and aircraft parts and services.